... who is finally starting to think about retirement. Before you make any decision on precisely what to invest in, you need to determine why you’re investing you need to define your investment ... variables, including growth prospects, perceived risk, and interest rates. Real estate was at a cyclical low with respect to prop-erty cash flows in 2004, and was in the process of bottoming—pro-viding ... risk inherent in each par-ticular REIT stock and decide what kind of total return we demand from our investment dollars when adjusting for that risk. If, for instance, we feel that, in order...